- Quantum Numbers Corp (QNC) to commercialize Quantum Random Number Generator for the data center, blockchain and bitcoin industries
- The product is designed to address cybersecurity threats by harnessing the cryptographic power of quantum mechanics
- The global cybersecurity market is predicted to grow from US$167.1 billion in 2019 to US$248.26 billion by 2023, according to Statista
- Quantum Numbers Corp’s mission is to address the growing demand for affordable hardware security for connected devices
- Quantum Numbers Corp (QNC) is up 52 per cent and is currently trading at C$0.38 per share
Quantum Numbers Corp (QNC) will commercialize a Quantum Random Number Generator to address cybersecurity threats in the data center, blockchain and bitcoin industries.
The COVID-19 pandemic has exacerbated the need for better cybersecurity as a surge of cybercrime has been observed across industries. Cybersecurity now dominates the strategic priorities of every organization as the global cybersecurity market is predicted to grow from US$167.1 billion in 2019 to US$248.26 billion by 2023, according to Statista.
Cybersecurity is an intrinsic part of the data center, blockchain and bitcoin industries, forcing them to rely heavily on cryptography.
Data centers are the back-up for an organization’s mission-critical data and security vulnerabilities could lead to catastrophic consequences.
The nascent blockchain and cryptocurrency industries also stand to be among the first to benefit from genuine quantum innovation as they rely on digitally signed transactions validated by cryptographic addresses. These functions require very strong random number generation.
Mr. Bertrand Reulet, founder and Chief Technology Officer of Quantum, said, “Our patent-protected Quantum Random Number Generators (QRNG) provide ‘true’ randomness on the grounds that their randomness is due to inherently non-deterministic quantum phenomena which means data becomes ‘unhackable’.”
Mr. Francis Bellido, Chief Executive Officer of Quantum, stated, “Unlike other competitive technologies that depend on photonics’ physical properties, our QRNG is based on the quantum tunneling phenomenon created by electrons and shows distinctive advantages in term of robustness, speed, scalability, and cost. I expect our first product to be available for commercialization by Q2 2021.”
Quantum Numbers Corp’s mission is to address the growing demand for affordable hardware security for connected devices. Its patented solution for a Quantum Random Number Generator exploits the built-in unpredictability of quantum mechanics and promises to provide enhanced security for protecting high value assets and critical systems.
Quantum Numbers Corp (QNC) is up 52 per cent and is currently trading at C$0.38 as of 1:09 pm EST.
